Property and Equipment, Net

12 Months Ended

Jan. 30, 2016

Property, Plant and Equipment [Abstract]

Property and Equipment, Net

Property and Equipment, Net

The following table provides details of property and equipment, net as of January 30, 2016 and January 31, 2015:

	January 30, 2016			January 31, 2015
	(in millions)
Land	$	108		$	87
Buildings and Improvements	460			413
Furniture, Fixtures, Software and Equipment	3,181			3,169
Leasehold Improvements	1,809			1,647
Construction in Progress	81			164
Total	5,639			5,480
Accumulated Depreciation and Amortization	(3,309		)	(3,203		)
Property and Equipment, Net	$	2,330		$	2,277

Depreciation expense was $457 million in 2015, $438 million in 2014 and $406 million in 2013.

In 2015, the Company completed sale and leaseback transactions under noncancellable operating leases of certain assets with a carrying value of $177 million. The proceeds of $178 million from the sale of these assets are included in Proceeds from Sale of Assets within the Investing Activities section of the 2015 Consolidated Statement of Cash Flows. For additional information, see Note 15, "Commitments and Contingencies."